The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Friday, January 31, 2014

Confidence in dollar so bad globally even Zimbabwe has dropped it

When Zimbabwe, the poster child of hyper-inflation in the 21st century, dumps your currency for another because they feel it is being devalued too much, then the ultimate sign of disrespect has been made for a nation’s monetary policy.  Sadly, this is suddenly the case for the U.S. dollar when on Jan. 30, the African nation that saved its economy less than five years ago by adopting the dollar as their national form of money, is now dropping that currency to instead allow the Chinese Renminbi to take its place as the money of choice.



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Former World Bank economist calls for new global currency and end to the dollar

One of the inevitable consequences of a purely fiat currency is that eventually a central bank will inflate and devalue it out of existence for the country it is used in.  However, when that same currency is the world’s reserve currency, then that same inflation can be exported to nearly every nation as they are required to use it for international trade settlement.
Which brings up an interesting point made on Jan. 29 by the former head economist of the World Bank, Justin Yifu Lin, when he calls for an end to the dollar, and the creation of a new global currency.  This new currency, which Lin determines would preferably not be based on a basket of (fiat) currencies, would become a ‘super currency’ that is not controlled by any particular sovereign entity.
 

Wednesday, January 29, 2014

Obama wants everyone to invest in government debt as their retirement

As we sit hours away from President Obama’s fifth State of the Union address, a new proposal that will be offered by the President tonight has been leaked to the public.  Sometime during his speech, Barack Obama will offer Americans the chance to save for their retirements not with equities, gold, or real estate, but with government debt… just as his administration has already done by moving Federal employee retirements into the same.



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Gold price manipulation pushes mint supplies to the brink

No matter how much a government or central bank believes they can control every aspect of an economy, the natural laws of supply and demand will always rule markets, even during times of intervention and manipulation.  Since 2011, when the Federal Reserve used their proxy banks like J.P. Morgan Chase and Germany’s Deutsche Bank to artificially lower gold prices through massive short selling, the gambit has had the opposite effect on physical gold demand, with the results finally catching up to the perpetrators as sovereign mint’s reach the brink on their supplies of real gold.



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Monday, January 27, 2014

Warren Buffett supports bank CEO that lost headquarters and had $25 billion in fines

Billionaire Warren Buffett has created a persona over his career where the public sees him as a kind old man with a genius for investing.   But in recent times, the ‘Oracle of Omaha’ has been involved in some highly questionable choices and partnerships, none more questionable when on Jan. 24, Buffett gave his absolute support to the CEO of J.P. Morgan Chase, Jamie Dimon, who has been under serious fire for continuous acts of fraud and manipulation.

 
 
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One of world’s largest online electronic’s stores now accepts Bitcoin

Beginning on Jan. 23, one of the world’s largest online retailer of electronics will now accept Bitcoins as money to purchase products on their website.
Tiger Direct.com, which sells more than 200000 products that include, pc’s, laptops, televisions, and components, will now accept Bitcoin as cash and help increase the digital money presence in stores worldwide.

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FDIC closes second bank of 2014 in Oklahoma

The Bank of Union, located in El Reno, OK, was closed down by the FDIC on Friday, Jan. 24.  This bank failure is the second for 2014 and comes following a year where 24 banks were closed by the Federal agency.
1/24/2014 *** OK *** El Reno *** The Bank of Union *** $70 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $70 million.
 

Fed tapering beginning to exploit cracks in global financial system

On Jan. 25, trends forecaster Gerald Celente was a guest of King World News to speak on the economy, and the coming financial crises that are just beginning to show themselves in Asia, Europe and the U.S..  During his 15 and half minute interview, Celente pointedly stated that the Fed will have no choice but to taper, and continue to taper well into 2014, and that these actions will cause massive problems for emerging markets and U.S. markets that have dumped trillions of dollars into these nations to prop up their artificial growth.


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Thursday, January 23, 2014

Unemployment rate soon to drop below 6% as 1.4 million people lose benefits

The government is never interested in facts, it is only interested in truth… and especially truth that makes their policies and agendas look good.  Which is why America stands on the brink of having 1.4 million jobless workers no longer be recognized in the economy, and the Obama administration potentially claiming a false victory as the unemployment rates could drop below 6% for the first time in several years.


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Fed can only provide 5 tons of gold to Germany after one year

Just one year ago, the central bank of Germany ordered the Federal Reserve and banks in France to repatriate their gold reserves of around 670 tons in a measure meant to restore confidence to their banking system.  However, it appears that the curtain of fraud has been uncovered with the U.S. central bank, as in 12 months time, the Fed has only been able to deliver 5 tons of what is rightly German property.


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Iran in talks with Russia to bypass petro-dollar in oil for goods deal

The stability of the petro-dollar took another new hit this week as a new deal being discussed between Iran and Russia to trade oil for goods is currently in the works between the two nations.  This agreement would entail 500000 barrels of oil per day to be shipped to Russia in exchange for Russian equipment and goods that might also include military armaments.

Reports are emerging that Iran and Russia are in talks about a potential $1.5 billion oil-for-goods swap that could boost Iranian oil exports, prompting harsh responses from Washington, which says such a deal could trigger new US sanctions.
So far, talks are progressing to the point that Russia could purchase up to 500,000 barrels a day of Iranian oil in exchange for Russian equipment and goods. –Oilprice.com

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FDIC closes first bank of 2014 in Chicago

DuPage National Bank, located in West Chicago, IL, was closed down by the FDIC on Friday, Jan. 17.  This bank failure is the first for 2014 and comes following a year where 24 banks were closed by the Federal agency.
1/17/2014 *** IL *** West Chicago *** DuPage National Bank *** $1.6 million dollar estimated FDIC DIF cost.
The total DIF for failed banks this week is $1.6 million.



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Wednesday, January 15, 2014

Beginning in April, Wells Fargo to charge $5 to customers for every deposit

On Jan. 13, customers of Wells Fargo bank received an incredible shock as many received letters from the institution stating that beginning on April 7, new fees would be assessed on their accounts each time that they made or received a deposit.  This new charge would occur for transactions such as when your employer directly deposits a paycheck into your account, a customer transfers money from one account to the next, or on any drafts made in both U.S. and international currencies.



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Obama’s 10 million man march to unemployment

It’s official.  Since President Barack Obama took office in 2009, over 10 million Americans have lost their means of gainful employment making Obama the worst job President in history.
The number of working age Americans that do not have a job has increased by nearly 10 million since Barack Obama first entered the White House.
In January 2009, the number of “officially unemployed” workers plus the number of Americans “not in the labor force” was sitting at a grand total of 92.6 million.  Today, that number has risen to 102.2 million.  That means that the number of working age Americans that are not working has grown by close to 10 million since Barack Obama first took office. – Economic Collapse Blog

Graphic courtesy of Secrets of the Fed

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Tuesday, January 7, 2014

Falling stock prices make people sick… literally

Sometimes, emotions, much more than any physical threat, can cause the body to develop illnesses.  In fact, it is estimated that stress is the greatest threat to developing a heart conditions, high blood pressure, and even some cancers.
So when a new study came out showing that hospital visits for illnesses occur in greater proportion on days after a drop in the stock market, it validates the Japanese belief that emotion has just as much to do with the rise and fall of equities as a company’s fundamentals do.
A one-day drop in equities of around 1.5 percent is followed by about a 0.26 percent increase in hospital admissions on average over the next two days, according to a March 2013 study by Joseph Engelberg and Christopher Parsons, associate professors of finance at the University of California at San Diego. The impact on psychological conditions such as anxiety or panic attacks is even stronger and more immediate, with admissions jumping twice that much in one day.


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Like cigarettes, pot could become tax that saves state budgets

On Jan 1, recreational pot laws went into effect in the states of Washington and Colorado.  And while it is too early to determine how this will equate in the rise of overall revenue for the marijuana industry, expectations are already under way by these states on how taxes received from the sale of the drug can help in subsidizing their general budgets.
Colorado projects $578.1 million a year in combined wholesale and retail marijuana sales to yield $67 million in tax revenue, according to the Legislative Council of the Colorado General Assembly. Wholesale transactions taxed at 15 percent will finance school construction, while the retail levy of 10 percent will fund regulation of the industry. – Bloomberg

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New York realtors using Bitcoin to fuel the real estate bubble

Never let it be said that businesses and investors will ever be short of opportunities to spend their money, especially in this era of Fed induced cheap currency.  Like foreign and domestic casinos that allow gamblers to bet on such esoteric things like what time the newest heir to the throne of England would be born, to Wall Street firms opening a bond fund to speculate on the success of ex-convicts, people with money will always be willing to seek profits when standard markets no longer look good.

So it should come as no surprise that a real estate broker in New York City is jumping on the Bitcoin bandwagon, and opening up a new channel for home buyers in the realm of luxury housing to use the digital currency to expand the re-inflated housing bubble and keep the exuberance going.




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Colorado will use pot to fund schools

Dec. 31 begins the first day of Colorado’s new law which legalizes marijuana for recreational use.  In its first year, estimated revenues for businesses are expected to reach $578 million, yielding $67 million in tax revenue.  A large portion of that money will be going to fund education in Colorado, as well as the building of new schools.
Colorado projects $578.1 million a year in combined wholesale and retail marijuana sales to yield $67 million in tax revenue, according to the Legislative Council of the Colorado General Assembly. Wholesale transactions taxed at 15 percent will finance school construction, while the retail levy of 10 percent will fund regulation of the industry. – Bloomberg



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